. >> craig, they're talking about different ways, the white house today, was talking about remedies to this. the president mentioned passing trade deals. and patent reform. and they could get those things through congress. but short term, is that going to make any difference? >> no. those are good things to do, patent reform, getting the free trade agreement passed and those things probably will pass once a few negotiating items are cleared up. but those will produce rounding error in terms of the impact on jobs. really, the only real impact they could have would be more stimulus. but all they're talking about right now is cutting the deficit. not expanding it. there is a possibility that they might extend the payroll tax cut that we had a year ago for another year. but really, all that does is prevent the rear straint from the fiscal side getting worse. it doesn't actually add new oomph to the economy. >> you mention the federal reserve. there's lots of discussion since this morning about whether there are any more tools in the tool kit for the federal reserve. so what do you think is